Fears of cyber-attacks on businesses have gained momentum in recent weeks as global tensions with Russia continue to rise. United States authorities and A.I. experts recently flagged the financial system as an ‘attractive target’ for cyberattacks, given it is a central pillar of enforcement for sanctions the U.S. continues to leverage against Russia. Because the algorithms that are used to facilitate open banking are new and complex, vulnerabilities may be overlooked.
A.I. Experts Warn of Potential Cyberwar Facing Banking Sector